Talks between Aussie investors and the Papua New Guinean Government have slowed over plans to reopen the Bougainsville gold mine in the Autonomous Region of Bougainsville, closed since 1989 due to local conflicts.

Monadelphous, in a joint venture with Jacobs Engineering, has received a letter of intent for a five-year, $50 million per annum contract for engineering, procurement and construction (EPC) services at Oil Search’s oil and gas production facilities in the Highlands region of Papua New Guinea.